2014.08.1223:37:54UTC+00Canadian dollar slightly changed on job data error

The Canadian dollar was slightly changed versus the US dollar Tuesday, as investors were hesitant on taking huge bets following the country’s statistical agency discovered an error in the jobs data reported last week.

Last week’s July jobs data showed Canada has only created 200 new jobs, causing a sharp selloff in the currency.

The Statistics Canada announced the corrected jobs figures will be released on August 15 although the agency did not mention the error, which made the loonie glide higher through the afternoon and recover from losses in the morning.

"As much speculation as I've seen about what the potential error could be in the report, there's really no way of telling and it could be either negative or positive," said Greg Moore, Senior Currency Strategist at Royal Bank of Canada.

The loonie closed the North American session at C$1.0922 to the greenback or 91.56 US cents, a little stronger than Monday's C$1.0919 or 91.58 US cents.